Macquarie Group Ltd. (MQG) is selling its stake in the parent company of Thames Water Utilities Ltd., the U.K.’s biggest water and sewer company, for 700 million pounds, ($1.1 billion) the Sunday Telegraph said.
The stake in Kemble Water Holdings Ltd. is about 8.7 percent and gives the owner a seat on the company’s board, the London newspaper said, citing sources it didn’t identify. Macquarie, an Australian investment firm, declined to comment, according to the article.
To contact the reporter on this story: Isaac Arnsdorf in London at email@example.com
To contact the editor responsible for this story: Mike Harrison at firstname.lastname@example.org